Banking, Deal and Financing Costs - Auto Dealership Digest

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Banking

Deal

Financing Costs

Inflation, interest rates continue to impact consumers, dealers

Canadian Auto Dealer

JULY 25, 2024

Pressure from inflation and interest rates continue to impact consumers and dealers through increasing vehicle and financing costs, along with higher fixed and compensation costs, respectively. On average, banks are lending 50% of goodwill values on most dealership buy-sell deals, requiring more cash upfront for transactions.

Banking

Banking Spread Financing Costs Finance

Packed house for biggest CADEX event ever

Canadian Auto Dealer

MAY 10, 2024

OEMs get to set a deal, contract directly with the customer, but they also have to take the commercial risk from the dealers,” said Tongue. By the time the transaction is done, and the vehicle is gone and it’s detected, then the bank pulls their financing and the dealer is out the funds for the vehicle — and the vehicle.

Retail

Retail Banking Finance Manufacturing

Inflation, interest rates continue to impact consumers, dealers

Packed house for biggest CADEX event ever

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